Surveyors have cut their valuations of a residential land parcel for sale in one of Hong Kong’s upmarket suburbs, another sign of softening property prices in the world’s most expensive home market.
The site next to the Ho Man Tin subway station – with a gross floor area of 639,382 square feet (59,400 square metres), or the size of nine football fields – is estimated at HK$12.8 billion (US$1.63 billion), 10 per cent less than an earlier valuation, after the government scrapped a…
Source : South China Morning Post
Read more…Surveyors cut Ho Man Tin land valuation by 10 per cent in another sign of Hong Kong’s softening home prices















